Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

ETH

all ETH markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 22:00 UTC+0.0074%/8h= +8.1% APRnext payment +$0.09 per $10,000 · paid last 24h −0.036%
Price spread now: Bullet against Aftermath Perps+0.122%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Aftermath PerpsShort on Bullet
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bullet is 0.122% dearer against Aftermath Perps than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps ETHUSD2,771.10.0007pay 0.0001% / 1h25m 01s$29K$22K20x
ShortBullet ETH-USD2,774.50.0082get 0.0010% / 1h25m 01s$185K$1.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet against Aftermath Perps. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$15.55
Price spread: +0.122% → 0.000%
$12.21
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Bullet: 4 bp × 2 orders
−$8
Net
$10.76
Costs to cover
0.170%
Break-even
2.2 days
Slippage unknown: Aftermath Perps: no order-book sample; Bullet: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aftermath Perps no order-book sample—————
Sell Bullet live order book, 4 min ago0.18 bp7.0 bp −$79.2 bp −$92doesn't fitdoesn't fit
Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ETH−0.0112%43m2,774.8+0.133%$289K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,766.1−0.180%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,771.9+0.029%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0056%1h2,775.1+0.144%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,773.4+0.083%$798K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,774.9+0.137%$5.8M$11.9M25xas long as short
dYdX ETH-USD0.0000%1h2,775.6+0.163%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,775.4+0.155%$22.4M—200xas long as short
Aftermath Perps ETHUSDlong+0.0007%1h2,771.1long leg$29K$22K20x
Phemex ETHUSDT+0.0014%8h2,774.5+0.122%$267.2M$66.1M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni ETHUSDT+0.0018%1h2,771.4+0.009%$8.8M$32.6M100xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,775.8+0.168%$1.71B$11.91B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,775.3+0.150%$13.2M—200xas long as short
Aster ETHUSDT+0.0039%8h2,775.9+0.171%$256.8M$995.9M200xas long as short
MEXC ETH_USDT+0.0045%8h2,774.7+0.130%$1.60B$2.67B500xas long as short
Binance ETHUSDT+0.0047%8h2,776+0.178%$6.44B$17.23B150xas long as short
Aevo ETH-PERP+0.0048%1h2,774.3+0.116%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0070%8h2,775.8+0.169%$3.28B$9.65B200xas long as short
Bitget ETHUSDT+0.0073%8h2,776+0.176%$2.10B$3.12B150xas long as short
Bullet ETH-USDshort+0.0082%1h2,774.5+0.122%$185K$1.8M20x
Variational Omni ETH+0.0092%8h2,774.2+0.110%$140.6M$320.2M—as long as short
Lighter ETH+0.0096%1h2,775.3+0.150%$115.4M$513.5M50xas long as short
Lighter RH ETH+0.0096%1h2,776.6+0.198%$25.4M$122.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,775.3+0.153%—$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,774.6+0.126%$15.9M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,774.5+0.123%$482K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,774.9+0.138%$14.6M$117.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,777.8+0.242%$3.20B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,775.4+0.155%$31.2M$287.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,776.1+0.179%$2.52B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,774.1+0.108%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,776.8+0.205%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,765.9−0.187%$164.9M$256.3M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,774.6+0.127%$424.4M$741.3M100xas long as short
BingX ETH-USDT+0.0100%8h2,775.9+0.174%—$1.18B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,776.1+0.181%$15.4M$42.6M50xas long as short
edgeX ETHUSDC+0.0100%4h2,770.9−0.006%$178.1M$791.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,772.8+0.063%$161.3M$97.1M50xas long as short
StandX ETH-USD+0.0100%1h2,774.4+0.119%$21.4M$57.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,775.2+0.149%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,776+0.177%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,775.6+0.163%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,777+0.213%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,773.7+0.093%$972K$14.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,774.7+0.130%$55.2M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,774.6+0.126%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,774.3+0.114%$31.4M$76.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,776.6+0.198%$60.1M$4.63B50xas long as short
Kalshi KXETHPERP+0.0120%8h2,775.9+0.173%$8.5M$672.8M4.9xas long as short
Orderly PERP_ETH_USDC+0.0131%8h2,777.7+0.236%$32.6M$12.0M100xas long as short
Deribit ETH-PERPETUAL+0.0139%1h2,776.4+0.192%$258.4M$224.8M50xas long as short
BloFin ETH-USDT+0.0167%8h2,774.5+0.122%$285.0M$195.5M150xas long as short
Reya ETHRUSDPERP+0.0182%1h2,774.6+0.125%$7.4M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,776.2+0.184%$86.9M$330.7M100xas long as short
Hibachi ETH/USDT-P+0.0432%1h2,777.3+0.225%$285K$1.5M20xas long as short